The growing demand for processed and packaged beverage products among consumers is expected to drive the shrink plastic film market.
The shrink plastic film market for beverage multipacks size is estimated to be valued at USD 2.5 billion in 2020 and projected to reach USD 3.0 billion by 2025, recording a CAGR of 3.5% during the forecast period. The demand for shrink plastic film for beverage multipacks is increasing significantly, as they have various advantages and are cost-effective for the beverage segment.
Key players in this market include Amcor Plc (Switzerland), Coveris Holdings Sa (Austria), Ceisa Semo (France), Clondalkin Group (The Netherlands), RKW (Germany), Berry Global Inc (US), Plastotecnica SpA (Italy), Clearpack group (Singapore), Sarkina (US), Baroda Packaging (India).
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191222271
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Scope of the report
By Application
By Type
By Multipack
By Application Packaging
By Region
o South Africa
o Middle East
o Others in Africa
Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=191222271
The shrink plastic film market for beverage multipacks in Europe is estimated to be dominant due to the increasing demand for ready to drink products and on the go beverages that can be consumed anywhere.
There is a significant shift observed in the consumption habits of consumers, which is increasing the demand for carbonated beverages and packaged water. This has increased the demand for bottled & canned products in the regions, which in turn has augmented the market for shrink plastic film.
Collagen Peptides Market worth $795 million by 2025
Food & beverage manufacturers have started using collagen peptides increasingly as an ingredient in a wide range of products. Also, with biotechnological advancement, collagen peptides have found its use in various biomedical applications. The versatile nature of collagen peptides makes it useful in the pharmaceutical industry for the production of orally administrative medicines.
Pea Starch Market is Expected to Reach $203 Million by 2026
Growth in the demand for pea starch in the end-user application industries is driving the market growth of pea starch. Further, increase in the demand for gluten-free products is also a major factor resulting to the rise in the demand for pea starch.
Shrink Plastic Film Market is Estimated to Grow $3.0 billion by 2025
Based on type, the shrink plastic film market for beverage multipacks is dominated by the unprinted shrink plastic film segment.
